Obj. 4 EX 5-29 Adjusting entry for inventory shrinkage Omega Tire Co.'s perpetual inventory records...
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Obj. 4 EX 5-29 Adjusting entry for inventory shrinkage Omega Tire Co.'s perpetual inventory records indicate that $3,145,000 of merchandise should be on hand on August 31. The physical inventory indicates that $3,113,500 of mer- chandise is actually on hand. Journalize the adjusting entry for the inventory shrinkage for Omega Tire Co. for the fiscal year ended August 31
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